WE WILL NOT BE ACCEPTING LOAN APPLICATIONS
EFFECTIVE AUGUST 1, 2023
For more information, contact Trinesa Barojas at 601-676-0566 or through email: trinesa.barojas@choctawfcu.org
Qualifications
Must be a member for a minimum of 90 days. During loan specials, we waive the 90-days waiting period. Interest rates are determined by credit score for the qualified amount. All loans are determined by credit score for the amount qualified and debt-to-income ratio (DTI Ratio) that does not exceed the 50%.
More About Loans
Low-cost loans are one of the greatest benefits of credit union membership. Whether you are financing your first car, tractor (i.e. zero turn) or a personal loan, you will find low rates, affordable payments and personal service right here at Choctaw Federal Credit Union.
A cosigner must complete a loan application, employment verification, and a Notice to Cosigner Form. A cosigner must be a member with a credit score of 620< and 45% or less in debt to income ratio. A cosigner may only sign on one loan at a time. Loan approval will be based the credit-worthiness of the cosigner. The interest rate will be based on the credit-worthiness of the primary borrower.
♦ Maximum loan amount up to $40,000.00
♦ Must be employed 2 years +
♦ Quote must include: Standard & Accessory, Mileage, Model, Make and VIN
*** When approved, member will need full coverage insurance listing Choctaw Federal Credit Union as the lienholder and a loss payee for the life of the loan
♦ Maximum loan amount up to $35,000.00
♦ Less than 125,000 miles
♦ Vehicle will be within the current JD Power official used care guide (Current 7 years guide)
♦ Must be employed 2 years +
♦ Quote must include: Standard & Accessory, Mileage, Model, Make and VIN
♦ Choctaw Federal Credit Union has the right to request inspection
*** When approved, member will need full coverage insurance listing Choctaw Federal Credit Union as the lienholder and a loss payee for the life of the loan
♦ Maximum loan amount up to $40,000.00
♦ Must be employed 2 years +
♦ Quote must include: Standard & Accessory, Equipment (if any) Hours, Model, Make and Serial Number
♦ Choctaw Federal Credit Union has the right to request inspection
*** Protection Coverage for Zero Turn will be explained when applying
*** When approved, member will need full coverage insurance listing Choctaw Federal Credit Union as a loss payee
♦ Loan amount – Minimum $500.00 to Maximum $5,000.00
♦ Must be employed 1 year +
Only offered during specific dates. Check back for more information on date and qualifications.
♦ Spring Fling
♦ Back to School
♦ Christmas
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